My business partners and I are currently building out our Stamford condo portfolio and always looking to buy properties. We currently like Stamford because of its location to NYC and is close to where we live, but I think most people agree, the Stamford market has risen alot over the past few years and may need a bit of a break from rental increases. My partners and I are not expecting much appreciation or rental increase in the near term.
That’s weird , I been following myself for past two year stamford condo market. It didn’t not go up. It didn’t go down . And rent did not increase at all for studio or one bed.
How do you come up with those numbers?
You can find rent trends in various places. Rents haven't gone up much over the past 2 years but if you look back at where they were in 2012 or 2013 they are significantly up. And based on income-rent ratios/affordability, i don't expect them to increase much over the next few years.
What class building is your condo in? Top class buildings haven't fared well since there is so much luxury supply coming to the market but there has be an increase in rent even over the past two years for lower-income housing.
mine is just normal condo , nothing fancy. my point at Stamford CT is i don't see the price will appreciate nor rent will increase much in next 5 to 10 years.
so whats there for new investors to go in or old investor to keep holding it .
Just your current cash flow and protection against inflation.
If doesn’t appreciated is not protection of inflation :-)
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